You may have been wondering when and who would point out the silver lining in the current situation, where the interruption of decades of mass immigration has seen employment prospects and living standards for many ordinary people looking good in Australia for the first time in decades. If so, you will be very pleased to catch the following interview between 2GB's Michael McLaren and the Sustainable Australia Party's William Bourke, on this very issue. We are living through fascinating times.
On 10 May 2021, Michael Mclaren (2GB radio) was joined by William Bourke, President of the Sustainable Australia Party, to comment on the RBA’s report that suggests that the pause in immigration due to the COVID-19 pandemic will lead to higher living standards in Australia and could spark wage rises in some regions and industries - even though the economy will be smaller than previously expected. In its quarterly statement on monetary policy the preceding week, the RBA noted, “The Australian economy is transitioning from recovery to expansion phase earlier and with more momentum than anticipated.”